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Account technician vs accountant

The differences between account technicians and accountants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account technician, becoming an accountant takes usually requires 2-4 years. Additionally, an accountant has an average salary of $54,890, which is higher than the $51,115 average annual salary of an account technician.

The top three skills for an account technician include veterans, financial statements and patients. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Account technician vs accountant overview

Account TechnicianAccountant
Yearly salary$51,115$54,890
Hourly rate$24.57$26.39
Growth rate-5%6%
Number of jobs94,41360,073
Job satisfaction-3
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 71%
Average age5144
Years of experience64

What does an account technician do?

Account technicians are skilled professionals who are responsible for gathering data and preparing financial statements and reports from the account records they have maintained. These technicians are required to settle accounts with insurance companies and maximize benefits payments received from those companies. They must maintain a client management system for multiple accounts and coordinate marketing outreach for potential and existing clients. Account technicians must also monitor and compile all documents of the department, such as invoices, checks, and financial records.

What does an accountant do?

An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.

Account technician vs accountant salary

Account technicians and accountants have different pay scales, as shown below.

Account TechnicianAccountant
Average salary$51,115$54,890
Salary rangeBetween $26,000 And $97,000Between $41,000 And $72,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaNew York
Best paying companyMicrosoftMeta
Best paying industry-Technology

Differences between account technician and accountant education

There are a few differences between an account technician and an accountant in terms of educational background:

Account TechnicianAccountant
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 71%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Account technician vs accountant demographics

Here are the differences between account technicians' and accountants' demographics:

Account TechnicianAccountant
Average age5144
Gender ratioMale, 31.3% Female, 68.7%Male, 38.2% Female, 61.8%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between account technician and accountant duties and responsibilities

Account technician example responsibilities.

  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Process medical claims and workman compensation claims and Medicare & Medicaid claims.
  • Review accounts, record payments from first and third party billing to include Medicare, Medicaid, and private insurance.
  • Close patient contact, appropriate decision-making concerning patient financial affairs and coordination between patients and third-party sponsorship for further financial assistance.
  • Issue manual checks from QuickBooks as needed.
  • Construct payment scheduling through utilization of QuickBooks.
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Accountant example responsibilities.

  • Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
  • Manage personnel financial matters including salaries, taxation procedures and other relate issues.
  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
  • Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
  • Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.
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Account technician vs accountant skills

Common account technician skills
  • Veterans, 13%
  • Financial Statements, 10%
  • Patients, 8%
  • Data Entry, 6%
  • HR, 5%
  • Reconciliations, 5%
Common accountant skills
  • Reconciliations, 14%
  • General Ledger Accounts, 6%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Payroll Tax Returns, 5%
  • Customer Service, 5%

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